KKR considering TIM move

US investment fund KKR is thought to be weighing a bid for Telecom Italia’s (TIM’s) fixed network business as part of a partnership with the Italian government. A report from Bloomberg says talks are under way between KKR and officials in Rome. KKR already owns 37.5% of TIM’s last-mile infrastructure unit FiberCop. The government recently said it was setting up a committee to find the ‘best viable market solutions’ for TIM by the end of the year, with a view to creating a single national broadband network by merging parts of TIM with state-backed wholesale provider Open Fiber.